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Jaffna to get MAS Holdings apparel factory

July 20, 2010 (Sri Lanka)

One of the leading garment firms, MAS Holdings, is planning to launch an apparel factory in the Acthuveli industrial zone in Jaffna following approval of the venture by the Board of Investment (BoI).

Industrial Development Board (IDB) Chairman, Udayasri Kariyawasam informed that, private sector members and BoI are likely to visit the industrial zone, for an inspection, during this week.

Kariyawasam informed that, there was a 65 acre unutilized plot of land at the industrial estate and their aim was to promote it to its lost glory. They are eyeing domestic and international investors to establish the industries at this venue.

IDB under the supervision of the Ministry of Traditional Industries and Small Enterprise Development is taking measures to launch a program in line with the Mahinda Chinthana to support the industrialists.

This Industrial Revitalisation Program was commenced with the objective of empowering those deserted, crippled or unmanageable domestic firms in the island. He stressed that, promotion and development of these firms is favourable.

More over, Kariyawasam also said that, since a bulk of such industries are equipped with infrastructure facilities, machinery and technology, a fresh base will not be necessary to renew them.

Fibre2Fashion News Desk - India
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